$CREAM has made a pretty aggressive move, up +65.35%, climbing all the way from 1.22 to 2.25, and now sitting at 2.10. Honestly, when I see a move like this, my first reaction isn't excitement—it's caution. I got burned once chasing a big green candle like this, buying around 2.2. The next day it fell back to 1.6, and after holding on for three days, I finally cut my losses at 1.5. Looking back, I was just afraid of missing out. 😅
Looking over the overnight session, that 276K volume really isn't much. Small-cap stocks can shoot up fast, but they can also come crashing down just as quickly. With a setup like this, what worries me most is heavy volume near the highs without further gains. Tomorrow, I'm keeping an eye on two levels. Above, 2.25 is today's high and the first resistance level. Only if it holds and breaks through on strong volume would I start talking about 2.5. If it can't hold, it'll be a false breakout. Below, 2.0 is the first level to watch—it's a psychological threshold. If that breaks, the 1.6–1.7 area is where most of the trading during this rally took place. Below that is the 1.22 starting point, which is where I think it would actually be worth buying.
My approach is pretty simple: don't chase the highs; wait for a pullback and confirmation. I'd rather miss out on some gains. For an old lending-sector stock like $CREAM, it's also worth keeping an eye on $LEND, since similar stocks often move together when the same money flows in. 🚬 Don't jump in when excitement is at its peak. Remember that.
Looking over the overnight session, that 276K volume really isn't much. Small-cap stocks can shoot up fast, but they can also come crashing down just as quickly. With a setup like this, what worries me most is heavy volume near the highs without further gains. Tomorrow, I'm keeping an eye on two levels. Above, 2.25 is today's high and the first resistance level. Only if it holds and breaks through on strong volume would I start talking about 2.5. If it can't hold, it'll be a false breakout. Below, 2.0 is the first level to watch—it's a psychological threshold. If that breaks, the 1.6–1.7 area is where most of the trading during this rally took place. Below that is the 1.22 starting point, which is where I think it would actually be worth buying.
My approach is pretty simple: don't chase the highs; wait for a pullback and confirmation. I'd rather miss out on some gains. For an old lending-sector stock like $CREAM, it's also worth keeping an eye on $LEND, since similar stocks often move together when the same money flows in. 🚬 Don't jump in when excitement is at its peak. Remember that.